Chainalysis Rolls Out Real-Time Threat Detector for 15 Major Cryptos

1h
cointelegraph

Canadian Bitcoin scammers con $230k from U.S citizen

1h
bitcoinwarrior

Here’s How Much the Top Athletes Would Make If They Were Paid in Bitcoin

1h
beincrypto

Send Token Payouts With Ease Using Bitcoin.com’s SLP Dividend Calculator

1h
thebitcoinnews

Why FB Stock Is Poised for a 25% Rally

1h
cryptonewmedia

Crypto-Like Global Monetary System To Be a Boon For BTC

1h
cryptonewmedia

Why You Should Use Cryptocurrencies

1h
bitcoinwarrior

Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTC

2h
newsbtc

Crypto News From the Spanish-Speaking World: Week in Review

3h
cointelegraph

Rwanda Reportedly Considering National Digital Currency

3h
dcebrief

The Bitcoin Price Just Did Something It’s NEVER Done Before

3h
cryptonewmedia

Is cryptocurrency mining on nuclear power a viable power solution?

3h
bitcoinwarrior

Bitcoin Price Fights to Hold $10K Support While Altcoins See Drops

3h
cointelegraph

Each Bitcoin bull market started with miner capitulation, says researcher

3h
cryptoslate

Poloniex Set to Repay Flash Crash Losses, Victims Are Not Happy

3h
thebitcoinnews

Are Whales Behing Bitcoin’s Latest Dips?

4h
livebitcoinnews

Chinese Drug Kingpins Use Bitcoin, According to U.S. Treasury

4h
beincrypto

US FTC Settles With Alleged Crypto Pyramid Scheme for $500,000

4h
cointelegraph

Ethereum May Face 20% Pullback as Key Support Level Grows Weak

4h
newsbtc

New York Gym Grit Bxng Accepts BTC Payments

4h
livebitcoinnews

Bitcoin Transactions Lead to International Drug Trafficking…

4h
cryptonewmedia

Punk Rocker Tweets ‘Bitcoin Camaro’ to 106,000 Fans Thanks to Siri Blooper

4h
dailyhodl

Adoption Shortcut or Blockchain Purists’ Nightmare?

4h
cryptonewmedia

Initiative to Curtail Negative Interest Rates Gains Traction in Germany

4h
thebitcoinnews

Crypto Custody: Adoption Shortcut or Blockchain Purists’ Nightmare?

4h
cointelegraph


Huobi Launches Fiat and Crypto OTC Service Trading in Gibraltar

Huobi Group, the parent company of Huobi cryptocurrency exchange has launched a fully regulated crypto-to-crypto and fiat-to-crypto over-the-counter (OTC) trading desk in Gibraltar, specifically for institutional investors and high-volume traders, according to a blog post on May 15, 2019.

As stated in its blog post, in a bid to make it easier for high net worth individuals, institutional investors as well as others to execute high volume cryptocurrency trades, Huobi has launched its crypto-to-crypto and fiat-to-crypto over-the-counter (OTC) trading desk in bitcoin-friendly Gibraltar.

Reportedly licensed by the Gibraltar Financial Services Commission (FSC), the Huobi OTC Desk is a fully regulated platform offering users OTC services in US dollars (USD), British pound sterling (GBP), and euros (EUR) for bitcoin (BTC), ether (ETH) and other cryptoassets.

Commenting on the new OTC service, Jeff Adams, Senior Sales Manager at Huobi Global, noted that the firm sees a huge demand for OTC trading from institutional investors, however, most traders are wary to join the bandwagon due to the seemingly unregulated nature of numerous platforms, but Huobi has now solved that problem.

“We see a lot of appetite out there from players in more established traditional financial markets when it comes to digital assets but many are still reluctant to jump into unregulated environments. We also see an unmet need for services aimed at those looking to carry out large volume transactions. Huobi OTC Desk is a big step forward to filling both of those needs.”

For the uninitiated, OTC trading is the kind of trading done directly between two parties without the supervision of an exchange. In OTC trading, dealers act as market-makers by quoting the exact prices at which they’ll buy and sell digital assets irrespective of the price of the asset on exchanges.

The Huobi team firmly believe that the creation of this fully regulated OTC desk advances the evolution of Huobi as a full-service market facilitator in digital asset trading.

Huobi has made it clear that the new service is not available to traders in the United States. The team has also explained that the FSC-regulated Huobi OTC desk is quite different from Huobi Global’s retail OTC service, as the former operates under Gibraltar’s regulatory framework while the latter is entirely controlled by Huobi, allowing peer-to-peer OTC trading.

Despite laying off some of its staff during the crypto winter, Huobi remains one of the most robust crypto exchanges contributing its bit towards mass adoption of cryptocurrency.

Earlier in May 2019, BTCManager informed that Huobi Prime had partnered with Reserve Protocol for a USD-backed stablecoin project.

Like BTCMANAGER? Send us a tip!

Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments